Rave Restaurant Group (NASDAQ:RAVE) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued to investors on Monday. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of RAVE opened at $2.64 on Monday. The company has a market cap of $38.84 million, a price-to-earnings ratio of 14.67 and a beta of 0.56. The stock has a fifty day moving average price of $2.89 and a two-hundred day moving average price of $2.27. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $3.36.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Geode Capital Management LLC raised its position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 129,864 shares of the restaurant operator’s stock after buying an additional 34,977 shares during the period. Geode Capital Management LLC owned about 0.88% of Rave Restaurant Group worth $264,000 as of its most recent filing with the SEC. 15.12% of the stock is currently owned by hedge funds and other institutional investors.

Rave Restaurant Group Company Profile

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.